Latest News

Back to Latest News back


Cricket Australia announces $45 million deficit amid prospect of further revenue loss

Cricket Australia announces $45 million deficit amid prospect of further revenue loss
October 30, 2020

Cricket Australia’s financial results for the full year ending 30th June have revealed a net deficit of $45.9 million.

The latest major Australian sport to have revealed significant losses, the governing body said the results were in line with its expectations and the four-year cycle projections driven by its tour schedules.

However, Cricket Australia Chairman, Earl Eddings warned of estimates that the sport would suffer a financial hit of $120 million in revenue could be felt in the current financial year in terms of lost revenue and additional costs.

Speaking yesterday, Eddings advised “it’s still a bit unclear, we have got COVID biosecurity costs built into that estimate, hopefully after Christmas that might ease off which may make not quite as big impact, it takes into account crowd losses and revenue from our crowds and also remember we had a delayed T20 World Cup, which has been put back to 2022.

“There is no doubt this year has been difficult on a number of fronts across Australian cricket and we have had to work together to navigate our way forward.

“The decisions at times have been difficult however critical to ensuring our ongoing financial sustainability.”

Cricket Australia director, Paul Green, added “on current estimates, these factors could have a financial cost to cricket of up to $120m in FY21.”

With the upcoming Border-Gavaskar Test series between India and Australia approaching, Cricket Australia and its free-to-air broadcast partner, Seven West Media, are in dispute over the what Seven is paying.

Cricket Australia has announced that the four-Test series will begin in Adelaide on 17th December before the remaining three Tests are played in Melbourne, Sydney and Brisbane.

In recent months, Seven West Media's Chief Executive, James Warburton, has been highly critical of Cricket Australia, calling it a "bumbling, stumbling administration" and "a train wreck", while questioning the pulling power of the Big Bash League and demanding a reduction in its rights payments.

In 2018, Seven West Media agreed to pay $450 million over six years for the rights to broadcast Test matches and the BBL in what has been suggested could be the last of the big free-to-air TV deals for Australian sport.

With Seven seeking to reduce what it is paying Cricket Australia, contract negotiations are in arbitration at the Australian Chamber for International and Commercial Arbitration for Independent Valuation.

Seven West recently delayed full payment of a $25 million rights instalment to Cricket Australia.

Related Articles

28th October 2020 - MCG confirmed as venue for next three Boxing Day Tests

28th September 2020 - Dettol and Cricket Australia announce new partnership supporting cricket’s hygienic return

15th September 2020 - Brisbane to host fans’ return to international cricket with women’s series

12th August 2020 - Australian Cricket Census reveals increase in registered participation 

8th August 2020 - Coronavirus impact sees Women’s Cricket World Cup pushed back to 2022

16th June 2020 - Kevin Roberts resigns as Cricket Australia Chief Executive

27th May 2020 - Cricket Australia’s cost cutting raises concerns over future of the game

21st May 2020 - Australian cricket players develop business skills for post-cricket careers

1st October 2020 - Global sports survey shows impact of COVID-19 pandemic

20th May 2020 - Global sports sponsorship market predicted to fall by 37% this year

1st May 2020 - Coronavirus has multi-billion dollar negative impact on global sport

1st May 2020 - Cricket Victoria restructures in response to challenges arising from COVID-19

22nd March 2020 - Online cricket coaching program launched

20th February 2020 - Sydney Showground stadium prepares to host its first International cricket match

6th December 2019 - Craig Tiley takes on COMPPS Chair role

8th October 2018 - COMPPS names David Gallop as next Chairperson

29th January 2020 - Australia’s major sports unite to aid bushfire affected communities rebuild

13th June 2019 - Australian Human Rights Commission releases guidelines for gender inclusivity in sport

4th August 2017 - Cricket pay deal to deliver huge benefits for Australia’s female cricketers

2nd August 2017 - Cricket Australia and players’ union reach landmark pay deal

1st November 2014 - Strong finances boost Cricket Australia heading into World Cup year

Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.


supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all


AUSTRALIAN MADE. BUILT NOT BOUGHT. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…

read more

Fitness / Recreation / Sport / Technology / Wellness


BioLab Australia Pty Ltd

BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…

read more

Aquatics / Technology / Waterparks


Hydrocare Pool Services

Hydrocare Pool Services Pty Ltd offer 30 years of experience in aquatic industry features, products and water treatment. Hydrocare Pools has undertaken water treatment for aquatic centres and…

read more

Aquatics / Attractions / Play / Recreation / Technology



Over the past 10 years Debitsuccess has been providing expert billing services to businesses across Australia. Debitsuccess is now the largest full service direct debit provider in Australasia,…

read more

Billing / Finance / Fitness / Golf / Recreation


Felton Industries

Felton Industries is Australia’s leading designer, manufacturer and supplier of quality outdoor furniture and has been supplying premium seating solutions for all sporting, commercial, community…

read more

Parks / Play / Recreation / Sport / Venues


Centaman Entrance Control

Turnstile Entry Systems and Access Control Centaman Entrance Controls’ Award Winning Range of Access Control Systems includes tripod & triarm turnstiles, speedgates, full height…

read more

Access / Entertainment / Sport / Ticketing / Venues



iEDM integrate Design, Engineering and Delivery Management services to convert existing spaces into exciting new entertainment venues. Our team consists of highly qualified professionals with diverse…

read more

Consultants / Design


get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business